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R11,995,000

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R990 Excl. VAT

DO YOU KNOW OF TILLS CRESCENT GUEST HOUSE?

This unassuming plot is one of the most used landmarks in Durban consisting of multiple dwellings and 4 separate land ERFS with 3 separate drive-in accesses points totallling approximately 3053 square metres comprising of 16 rooms. A rare find which is an ideal income generator. The Tills Crescent lodge has as its neighbour the famous Tills Crescent swimming pool. The ambiance here is one of a cottage style character flowing out into the courtyards as well as the welcoming shady gardens. All of the dwellings are similarly styled with empty suites and kitchens for privacy. Note that some rooms are wheel-chair friendly. The bonus here is that the functions venue which is self contained at the far end of the land has a separate entrance for guests and service providers The catering venue meets the requirements for kinds functions and adult functions. The parking facility are all within the confines of electronic gates. This guesthouse is currently functional. The pictures provided do not do justice to this vision of the property. Call Richard of Tina for a personal tour of This facility to get you acquainted with this amazing income generator property.

Features

0
6
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
700m²
Land Size
3,052m²
Parking Bays
Open Parking Bays
6

Sparks Estate, Durban

The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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Chris Tyson, chief executive officer of Tyson Properties, says as Africa’s fastest growing city, Durban is an exciting place to work, play and live in.   Tyson explains that KwaZulu-Natal is one of the...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

170,364.34

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